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What is an example of a voluntary export restraint?

Example of a Voluntary Export Restraint (VER) The most notable example is when Japan imposed a VER on its auto exports into the U.S. as a result of American pressure in the 1980s. The VER subsequently gave the U.S. auto industry some protection against a flood of foreign competition.

What do export restrictions do?

Export control regulations are federal laws that prohibit the unlicensed export of certain commodities or information for reasons of national security or protections of trade.

What are export restraints?

A voluntary export restraint (VER) is a trade restriction on the quantity of a good that an exporting country is allowed to export to another country. This limit is self-imposed by the exporting country.

What is the full meaning of export?

What Is an Export? Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along with imports, make up international trade.

What is the meaning of export constraints?

Export restrictions, or a restriction on exportation, are limitations on the quantity of goods exported to a specific country or countries by a Government.

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